Government details procedure for watermelon seeds imports
The DGFT laid out a procedure for imports up to October 31, 2023 and has invited fresh applications for licenses for the imports till June 15. “The applications shall be considered on actual user basis to processors only, based upon their own processing capacity is required to be provided,” the DGFT said in a public […]
ECL provisioning implementation not in a hurry: RBI
“We have received comments from stakeholders which are being evaluated. Some more work is to be done. At this point of time it will not be correct to infer that (June) 30th will be the date when it will be launched,” deputy governor M Rajeshwar Rao, who is in charge of regulations said.
RBI not planning to regulate social media influencers
Addressing media after the monetary policy announcement on Thursday wherein the central bank has for the second time in a row left the key policy rates unchanged, governor Shaktikanta Das said, “The RBI is not planning to issue any separate guidelines to regulate financial market influencers since the Sebi is already doing so”.
Supreme Court order on banking fraud: RBI to shortly issue new guidelines
Though State Bank moved the court with a review petition, seeking to know whether the March 27 order only applied prospectively and not affect past decisions, the court led by chief justice DY Chandrachud on May 13 refused to review the order but clarified that a personal hearing meant only that a defaulter should be […]
Adani Group raises over Rs 19,000 cr debt since Hindenburg report. Here’s the breakdown
The Adani Group, in a presentation shared with the Reserve Bank of India (RBI), said that it had raised fresh debt of Rs 19,235 crore in the two months following the Hindenburg report.
Tech View: Nifty charts hint at reversal on the downside. What should traders do on Friday
Nifty formed a downside reversal pattern on Thursday with immediate support levels at 18,580 and 18,530 zones, establishing a broader trading range of 18,450 to 18,900 zones, according to option data. Holding above 18,666 could spur Nifty’s up move towards 18,786 and 18,888 zones. Senior technical analyst Rupak De says Nifty maintaining 18600 supports the […]
6 healthcare stocks touch new 52-week highs, rally up to 30% in a month
On Thursday, the benchmark Sensex cracked 295 points to close at 62,849. Despite the overall market slide, the BSE healthcare index six stocks reached new highs in the past 52 weeks. This achievement holds considerable significance for certain traders and investors, as it serves as a crucial technical indicator for evaluating the present value of […]
HMA Agro Industries IPO to open on June 20; price band fixed
HMA Agro Industries’ initial public offering (IPO) worth INR 480 crore ($63.5m) will be open for public subscription from 20-23 June with a price band of INR 555-585 per share. The IPO includes an offer for sale of INR 330 crore by promoters and selling shareholders. Aryaman Financial Services is the book-running lead manager to […]
Chart Check: After 11% rally in a month, this pharma stock races to fresh 52-week high; time to buy or book profits?
Aurobindo Pharma’s stock prices have surged by approximately 11% in one month to reach a fresh 52-week high in June 2023. Analysts suggest that the stock may continue to rise and recommend short-term traders to purchase the stock while expecting a target of Rs 890 levels in the next six months. The stock has formed […]
2 top stock recommendations from Rahul Sharma
So banking index, I think a breakout is very much on the cards. PSU banks are the ones to go for. These are the ones where the risk reward is very, very favourable